VBS linked municipalities to be placed under administration

Limpopo Premier Stan Mathabatha says the provincial government will place the Fetakgomo – Greater Tubatse and the Greater Giyani local municipalities under administration because they are struggling financially, after investing millions in the VBS Mutual Bank.

Mathabatha briefed the media on Wednesday in Polokwane on the provincial government’s intervention in dealing with VBS saga and update on members implicated.

Mathabatha says the Department of Cooperative Governance will determine which other municipalities should be placed under administration in the next Executive Council meeting.

He says recovery plans are being implemented to ensure that services continue to be rendered at the struggling municipalities.